Abbreviated Company Accounts - ACTIVPLAY LIMITED
Abbreviated Company Accounts - ACTIVPLAY LIMITED
Registered Number 08843254
ACTIVPLAY LIMITED
Abbreviated Accounts
30 January 2016
ACTIVPLAY LIMITED Registered Number 08843254
Abbreviated Balance Sheet as at 30 January 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Share premium account |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 30 January 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
And signed on their behalf by:
ACTIVPLAY LIMITED Registered Number 08843254
Notes to the Abbreviated Accounts for the period ended 30 January 2016
1Accounting Policies
Basis of measurement and preparation of accounts
As at 31 January 2016, the company's balance sheet showed a negative profit and loss account. The company is expected to generate a profit within the next 12 months of the signing of the financial statements, therefore the directors considers it appropriate to prepare financial statements on a going concern basis.
The company meets its day to day working capital requirements through an overdraft facility which is
repayable on demand.
The nature of the company's business is such that there can be considerable unpredictable variation in the timing of cash inflows. The directors have prepared projected cash flow information for the period ending 9 months from the date of their approval of these financial statements. On the basis of this cash flow information and discussions with the company's bankers, the directors consider that the company will continue to operate within the facility currently agreed and within that which they expect will be agreed on (date), when the company's bankers are due to consider renewing the facility for a further year. However, the margin of facilities over requirements is not large and, inherently there can be no certainty in relation to these matters. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the overdraft facility by the company's bankers.
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied
consistently (except as otherwise stated).
Turnover policy
Tangible assets depreciation policy
Plant and machinery - 33% Reducing Balance
£ | |
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Cost | |
At 31 January 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 January 2016 |
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Depreciation | |
At 31 January 2015 |
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Charge for the year |
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On disposals |
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At 30 January 2016 |
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Net book values | |
At 30 January 2016 | 8,719 |
At 30 January 2015 | 1,777 |